Alyeski Tours operates day tours of coastal glaciers in Alaska on its four boat the Blue Glacier Management has identified two cost drivers--the number of cruises and the number of passengers that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special salings if there is sufficient demand Up to 90 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below. Fixed Conte Month Cost Cruise Costerase Vessel operating costs $ 6,500 Advertising $ 2,400 Administrative costs $ 5,00 $39.00 $ 1.50 Insurance $ 3.900 1 For example, vessel operating costs should be $6,500 per month plus 474.00 per cruise plus $310 per passenger. The company's sales should average $32,00 per passenger In July, the company provided 57 cruises for a total of 3150 passengers Required: Prepare the company's texible budget for July For example vessel operating costs should be $6.500 per month plus $474.00 per cruise plus $310 per passenger. The company's sales should average $32.00 per passenger. In July, the company provided 57 cruises for a total of 3,150 passengers. Required: Prepare the company's flexible budget for July Alyeski Tours Flexible Budget For the Month Ended July 31 Revenue Expenses Vessel operating costs Advertising Administrative costs Insurance Total expense Net operating income 0 5 0